Durable Goods Lose Ground in August

October 1, 2008byJCK Magazine

The Commerce Department reported that new orders for manufactured durable goods (i.e., goods meant to last three years or more) fell 4.5 percent in August, to $208.5 billion, a decrease of $9.9 billion. Durable goods include heavy machinery, computers, and transportation equipment.

The durable goods report is one that can fluctuate from month to month, but most economists didn’t expect such a drastic decline.